The Walt Disney Company (NYSE:DIS) Stock Holdings Trimmed by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,041 shares of the entertainment giant’s stock after selling 2,951 shares during the period. SeaCrest Wealth Management LLC’s holdings in Walt Disney were worth $1,549,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Markel Corp raised its stake in Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after acquiring an additional 42,500 shares during the period. Fairfield Bush & CO. grew its position in shares of Walt Disney by 3.4% during the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after acquiring an additional 320 shares during the last quarter. United Bank boosted its stake in Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after purchasing an additional 794 shares during the period. AMI Investment Management Inc. grew its position in Walt Disney by 4.6% in the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock worth $3,418,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Walt Disney by 0.6% during the first quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after buying an additional 4,722 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock traded up $1.38 during trading on Thursday, reaching $122.36. 15,160,256 shares of the stock were exchanged, compared to its average volume of 12,578,303. The stock has a 50 day simple moving average of $107.28 and a 200-day simple moving average of $94.53. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $224.44 billion, a P/E ratio of 75.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $23.71 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Walt Disney’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.66 earnings per share for the current year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a $0.45 dividend. This represents a yield of 0.5%. The ex-dividend date is Monday, July 8th. Walt Disney’s dividend payout ratio is 18.52%.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent analyst reports. UBS Group increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Tigress Financial reissued a “buy” rating and set a $136.00 target price on shares of Walt Disney in a research note on Wednesday, February 21st. Macquarie increased their price target on Walt Disney from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $135.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.77.

Insiders Place Their Bets

In other Walt Disney news, EVP Sonia L. Coleman sold 898 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $90.11, for a total transaction of $80,918.78. Following the sale, the executive vice president now directly owns 1,861 shares of the company’s stock, valued at $167,694.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.